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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?


To: Apakhabar who wrote (1558)8/13/1998 12:52:00 PM
From: VALUESPEC  Respond to of 3627
 
<<I think he's like the Eveready Bunny From Hell. No matter
how wrong he's been, he just keeps going and going...>>

I have maintained constantly that this stock is undervalued. I have traded down (sold) as the stock has fallen, and have bought back as it has risen, but that does not make me wrong.

I am still amazed that "smart" funds would have sold this stock so low. They don't appear to be investing, as many might suppose, but they appear to be trading aggressively.

You have stated the incorrect PE ratios for CD, and generally have not seen the fundamental value in CD as I have/do.

I am generally a trader, but once in a while such a compeling value presents itself (CD) that I am willing to stake large percentages of my money on it for a longer term (I never completely sold out).

I'm up about 100% since Jan 1, 1998, despite my wrestling with CD for these last few months. Why have I continued to wrestle with CD? Because I see a lot of value in it. One day the market will settle down, and hopefully, bring CD back into the $ 20's where it belongs, at a minimum.

CD: $ 16.88a

VALUESPEC



To: Apakhabar who wrote (1558)8/13/1998 1:02:00 PM
From: Roger B Finlen  Respond to of 3627
 
Here is another "Bunny from Hell"

While I have enjoyed all this present price increase, along with most of the rest of you, there are still important issues to be resolved, and while I read on other boards "chat" about great this, and super that, and possible Analyst's upgrades - I feel that a more important issue is:
What will S&P do to CD's A-, credit rating. S&P's present position is "on hold, pending earnings, with Negative Implications" CD is a big borrower of capital and rating will affect future buyout plans.
My family and I are long term holders (from these levels) and we are looking for both income and share appreciation, to us CD's credit rating will be a factor of possible company growth (buyouts).
Henry Silverman is a "top drawer" Exec, who has stumbled to the tune of 20+ Billion Capital Market Depreciation, he and we have a long way to go, hopefully up. 20 Bill is more than many Country's "Gross National Product" and since CD price of 14, we Cd shareholders are better by 2.4 Bill, only 18 bill to go.
Best to all



To: Apakhabar who wrote (1558)8/13/1998 2:02:00 PM
From: VALUESPEC  Read Replies (1) | Respond to of 3627
 
Ap, I now have found that missing post saying I bought my shares back just before the rise @ $ 14.38. I accidently posted it in the NWCI folder:

Message 5477812

<<I think he's like the Eveready Bunny From Hell. No matter
how wrong he's been, he just keeps going and going...>>

I am obviously not as wrong as you believed. I obviously was not lying as you may have assumed.

CD: $ 16.88a

VALUESPEC



To: Apakhabar who wrote (1558)8/13/1998 5:25:00 PM
From: Bob Rudd  Read Replies (1) | Respond to of 3627
 
Ap: <<The selling that drove the price under $14 seems to have been the last of the weak hands.>>
Until tax loss selling kicks in. The funds have to have it done by 10/31 other folks end of year.